India: Karnataka to auction 60,000 t of iron ore

  • U Krishna Prasad will auction 8,000 t of fines (Fe61.67%) on 2 March at base price of INR 4,015/t.
  • Vedanta to auction 24,000 t of lumps (Fe56.5-57.5%) on 4 March at base price of INR 3,647-3,804/t.
  • VESCO to auction 28,000 t of lumps (Fe62.80-64.40%) on 6 March at base price of INR 4,590-5,790/t.
  • U Krishna Prasad and VESCO’s prices include royalty, unlike Vedanta’s auction.

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